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Pain points in the corn deep processing industry urgently need to be resolved
The corn deep processing industry is in dire straits. In August this year, in order to reduce the pressure of corporate losses, most starch processors, including COFCO, Yihai, and Pengcheng Biochemical, began shutting down and cutting production, and most are currently either fully or half shut down. According to statistics, Hei
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China's grain reserves are the world's highest, yet the situation is as precarious as a pile of eggs
The price of corn has fallen. In 2015, the listed purchase price for the state temporary corn reserve (national standard third-class quality standard, the same below) was 1 yuan/jin. Last year's price was above 1.11 yuan per jin, with slight differences among regions: 1.13 yuan/jin in Inner Mongolia and Liaoning, 1.12 yuan/jin in Jilin, and 1.11 yuan/jin in Heilongjiang.
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Corn Purchasing and Storage Policy Loosens After 8 Years, New Wording for Price Reform
On October 15, the government issued the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Advancing Price Mechanism Reform" (hereinafter referred to as the "Opinions"), to accelerate the improvement of a price mechanism mainly determined by the market. The "Opinions" pointed out that the price mechanism is the core of the market mechanism, and market-determined pricing is the key to the market playing a decisive role in resource allocation.
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He never worries about selling his grain. How did he do it?
Although corn purchase prices are currently low and ordinary farmers are finding it hard to sell their corn, Li Bo, a large-scale grain farmer in Cheng'an County, Hebei Province, has no trouble selling his corn. Li Bo, who farms with an "industrial mindset," said with a smile: "My corn quality is among the best in the surrounding area, and the yield is both high and good, so big companies buy directly from me."
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Industry View: Domestic Corn Prices Weaken
Last week (September 25 - October 9), domestic corn prices generally fell, North China continued to seek a bottom, and Northeast China saw scattered opening of purchases. Northern ports fell sharply, while southern ports consolidated at low levels. Looking ahead, corn in Northeast China has not yet been listed in large quantities, and there are few purchasing entities, so prices are expected to continue falling later. In North China, because of the recent large declines, the pace of the corn price drop has slowed slightly in the past few days, and a wait-and-see mentality in the market has risen slightly, but before the pressure from Northeast grain listings gradually strengthens and temporary storage purchases have yet to begin, North China corn prices are still expected to continue weakening.
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Corn prices are falling, don't let farmers' hearts grow cold
Recently, the author learned through a rural survey in Neihuang County that the drop in corn prices was beyond people's expectations. Over the past five years, when new corn came onto the market, the price per jin was mostly between 1.1 yuan and 1.2 yuan. This year it has fallen to 0.9 yuan, and even at this price it is still hard to sell.
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Corn market fluctuates due to new temporary storage policy
1 yuan/jin may become the price ceiling A Soybeans and corn growth slightly worse than last year This year's corn production has declined slightly compared with last year, mainly because last year's corn production was very high. Zhang Xin, a purchaser in Xigangzi Town, Heihe City, said. According to Li Wei, a farmer in the Suihua area, due to
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Lower corn prices support a rising pig-to-grain ratio, potentially squeezing room for price increases
The National Development and Reform Commission recently released data showing that the national pig-to-grain price ratio has declined somewhat. On September 30, the pig-to-grain ratio was 7.82, down 0.89% from September 23. Jiang Chao, a macro bond researcher at Haitong Securities, believes that the current pig-to-grain ratio remains around 8, far above the break-even line of 6, which
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Long-term trends in China's corn market look positive as industrial policy reforms keep improving
On September 17, the 8th International Corn Industry Conference, jointly held by the Dalian Commodity Exchange and the China Feed Industry Association, opened in Wuhan, Hubei Province. With the theme of innovating risk management and helping transformation and upgrading, the conference aimed to build a platform for information sharing and communication
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National corn inventory exceeds 200 billion kilograms, far above a reasonable level
Statistics show that the corn inventory held by various types of enterprises nationwide currently exceeds 200 billion kilograms, far exceeding a reasonable level, with the characteristics of a stage of supply exceeding demand being obvious. Some main producing areas have encountered the awkward situation of being unable to purchase, unable to store, and unable to sell, and even more so the "troubles after a bumper harvest" of being unable to afford fiscal subsidies.
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